Press Releases

The global testing, inspection, and certification (TIC) market is expected to grow at a CAGR of 6.3% during the forecast period with its market size valued at USD 241.0 billion in 2023. With the growing trend of TIC outsourcing, there is a significant rise in the number of small and mid-scale TIC companies globally, especially in the APAC region. These companies is expected to bring numerous new opportunities for the TIC ecosystem.  

The retail & consumer goods application segment accounted for a foremost share of the TIC market in 2023

Based on application, the market is subdivided into automotive, aerospace, IT & telecom, transportation & logistics, sports & entertainment, agriculture & food, chemicals, construction, retail & consumer goods, government & public sector, energy & power, industrial, pharmaceuticals, metal & mining, and others. Of all these applications, the retail & consumer goods application segment accounted for a foremost share of the TIC market, owing to the wide range of consumer goods manufactured every year in different regions and significant demand for quality and standard testing and inspection of the products regularly.

Global Testing, Inspection & Certification (TIC) Market Segmentation and Key Players

Geography Insight

Geographically, APAC is the largest and fastest-growing testing, inspection & certification market with the largest number of small and large product manufacturers residing in the region. Further, the administration of several countries in the region is inspiring companies across the globe to invest in the region. This will further surge the growth of the China Testing, Inspection & Certification (TIC) market in years to come.

Competitive Insight

Some of the key players operating in the global testing, inspection, and certification market are ALS Limited, Applus Plus, Bureau Veritas SA, DNV GL, Element Materials Technology, Eurofins Scientific, Intertek, Lloyd’s Register Group Limited, MISTRAS, SGS Group, TUV NORD Group, TUV SUD Group, TUV Rheinland Group, and UL LLC.

Key Takeaway from the Report:

• Among all the services, the certification segment will capture the largest market share in 2023 and is expected to grow at the fastest rate during the forecast period.
• Of all the source types, in-house accounted for the foremost share in the testing, inspection & certification market in 2023.
• Among all the applications, the retail & consumer goods application segment accounted for the foremost share of the TIC market in 2023.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview, and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 for revenue (USD Billion). The report segments the global testing, inspection, and certification market based on service, source type, application, and region.

Global Testing, Inspection, and Certification Market Coverage

Service Insight and Forecast 2025 – 2030

• Testing
• Inspection
• Certification

Source Type Insight and Forecast 2025 – 2030

• In-House
• Outsourced

Application Insight and Forecast 2025 – 2030

• Automotive
• Aerospace
• IT & Telecom
• Transportation & Logistics
• Sports & Entertainment
• Agriculture & Food
• Chemicals
• Construction
• Retail & Consumer Goods
• Government & Public Sector
• Energy & Power
• Industrial
• Pharmaceuticals
• Metal & Mining
• Others

Geographical Segmentation

Testing, Inspection and Certification Market by Region

North America

• By Service
• By Source Type
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Service
• By Source Type
• By Application
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Service
• By Source Type
• By Application
• By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Service
• By Source Type
• By Application
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries